Advanced Markets Integrates PrimeXM's XCore to Boost Liquidity

Wednesday, 22/03/2023 | 06:48 GMT by Arnab Shome
  • The two companies initially partnered in 2020.
  • Also, Advanced Markets tapped FXCUBIC's liquidity recently.
Advanced Markets

Advanced Markets Group announced on Wednesday the enhancement of its liquidity with the addition of PrimeXM's XCore to its liquidity distribution channel. It is an extension of the partnership between the two companies, initiated in 2020.

The focus of Advance Markets toward enhancing liquidity can be determined from the recent integration of the solutions of FXCUBIC on the platform.

Advanced Markets Enhances Liquidity with PrimeXM's XCore

"Advanced Markets Group has been at the forefront of liquidity innovation since its establishment in 2006. This strategic move, to further enhance our liquidity offering, is a testament to our commitment to continue providing our clients with reliable and robust solutions that meet their needs," said the CEO of Advanced Markets, Anthony Brocco.

Developed by PrimeXM, XCore is a trading and aggregation engine that offers ultra-low latency order management, risk management, and reporting solutions. It provides easy distribution of liquidity and connectivity to trading platforms and has grown to a network of more than 250 partners.

"At PrimeXM, we are excited to expand our partnership with Advanced Markets Group and provide their clients with access to our XCore technology. This will enhance the trading experience for their institutional clients," said Clive Diethelm, the CEO of PrimeXM.

Demand for Liquidity Is Growing

Advanced Markets is known for providing prime-of-prime liquidity to more than 40,000 institutional and individual clients across 30 countries. On top of that, its offerings include credit and technology solutions, supporting direct market access (STP) trading across asset classes.

The group operates with regulatory permissions from the United Kindom, Australia, and Bermuda. The UK subsidiary turned a profit for the fiscal year 2021 after its revenue jumped 13 percent to $1.29 million. However, the other two subsidiaries did not disclose their financials.

With the latest XCore integration, Advanced Markets is expecting to strengthen its offerings to its institutional clients further.

"We look forward to leveraging this partnership with PrimeXM, one of the leading providers in the industry, to deliver even greater value and satisfaction to our clients," said Brocco.

Advanced Markets Group announced on Wednesday the enhancement of its liquidity with the addition of PrimeXM's XCore to its liquidity distribution channel. It is an extension of the partnership between the two companies, initiated in 2020.

The focus of Advance Markets toward enhancing liquidity can be determined from the recent integration of the solutions of FXCUBIC on the platform.

Advanced Markets Enhances Liquidity with PrimeXM's XCore

"Advanced Markets Group has been at the forefront of liquidity innovation since its establishment in 2006. This strategic move, to further enhance our liquidity offering, is a testament to our commitment to continue providing our clients with reliable and robust solutions that meet their needs," said the CEO of Advanced Markets, Anthony Brocco.

Developed by PrimeXM, XCore is a trading and aggregation engine that offers ultra-low latency order management, risk management, and reporting solutions. It provides easy distribution of liquidity and connectivity to trading platforms and has grown to a network of more than 250 partners.

"At PrimeXM, we are excited to expand our partnership with Advanced Markets Group and provide their clients with access to our XCore technology. This will enhance the trading experience for their institutional clients," said Clive Diethelm, the CEO of PrimeXM.

Demand for Liquidity Is Growing

Advanced Markets is known for providing prime-of-prime liquidity to more than 40,000 institutional and individual clients across 30 countries. On top of that, its offerings include credit and technology solutions, supporting direct market access (STP) trading across asset classes.

The group operates with regulatory permissions from the United Kindom, Australia, and Bermuda. The UK subsidiary turned a profit for the fiscal year 2021 after its revenue jumped 13 percent to $1.29 million. However, the other two subsidiaries did not disclose their financials.

With the latest XCore integration, Advanced Markets is expecting to strengthen its offerings to its institutional clients further.

"We look forward to leveraging this partnership with PrimeXM, one of the leading providers in the industry, to deliver even greater value and satisfaction to our clients," said Brocco.

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6365 Articles
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